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| benefits of machine learning in business: Machine Learning for Business Doug Hudgeon, Richard Nichol, 2019-12-24 Summary Imagine predicting which customers are thinking about switching to a competitor or flagging potential process failures before they happen Think about the benefits of forecasting tedious business processes and back-office tasks Envision quickly gauging customer sentiment from social media content (even large volumes of it). Consider the competitive advantage of making decisions when you know the most likely future events Machine learning can deliver these and other advantages to your business, and it’s never been easier to get started! Purchase of the print book includes a free eBook in PDF, Kindle, and ePub formats from Manning Publications. About the technology Machine learning can deliver huge benefits for everyday business tasks. With some guidance, you can get those big wins yourself without complex math or highly paid consultants! If you can crunch numbers in Excel, you can use modern ML services to efficiently direct marketing dollars, identify and keep your best customers, and optimize back office processes. This book shows you how. About the book Machine Learning for Business teaches business-oriented machine learning techniques you can do yourself. Concentrating on practical topics like customer retention, forecasting, and back office processes, you’ll work through six projects that help you form an ML-for-business mindset. To guarantee your success, you’ll use the Amazon SageMaker ML service, which makes it a snap to turn your questions into results. What's inside Identifying tasks suited to machine learning Automating back office processes Using open source and cloud-based tools Relevant case studies About the reader For technically inclined business professionals or business application developers. About the author Doug Hudgeon and Richard Nichol specialize in maximizing the value of business data through AI and machine learning for companies of any size. Table of Contents: PART 1 MACHINE LEARNING FOR BUSINESS 1 ¦ How machine learning applies to your business PART 2 SIX SCENARIOS: MACHINE LEARNING FOR BUSINESS 2 ¦ Should you send a purchase order to a technical approver? 3 ¦ Should you call a customer because they are at risk of churning? 4 ¦ Should an incident be escalated to your support team? 5 ¦ Should you question an invoice sent by a supplier? 6 ¦ Forecasting your company’s monthly power usage 7 ¦ Improving your company’s monthly power usage forecast PART 3 MOVING MACHINE LEARNING INTO PRODUCTION 8 ¦ Serving predictions over the web 9 ¦ Case studies |
| benefits of machine learning in business: Artificial Intelligence and Machine Learning for Business Steven Finlay, 2018-07 Artificial Intelligence (AI) and Machine Learning are now mainstream business tools. They are being applied across many industries to increase profits, reduce costs, save lives and improve customer experiences. Organizations which understand these tools and know how to use them are benefiting at the expense of their rivals. Artificial Intelligence and Machine Learning for Business cuts through the hype and technical jargon that is often associated with these subjects. It delivers a simple and concise introduction for managers and business people. The focus is very much on practical application and how to work with technical specialists (data scientists) to maximize the benefits of these technologies. This third edition has been substantially revised and updated. It contains several new chapters and covers a broader set of topics than before, but retains the no-nonsense style of the original. |
| benefits of machine learning in business: Artificial Intelligence Harvard Business Review, 2019 Companies that don't use AI to their advantage will soon be left behind. Artificial intelligence and machine learning will drive a massive reshaping of the economy and society. What should you and your company be doing right now to ensure that your business is poised for success? These articles by AI experts and consultants will help you understand today's essential thinking on what AI is capable of now, how to adopt it in your organization, and how the technology is likely to evolve in the near future. Artificial Intelligence: The Insights You Need from Harvard Business Review will help you spearhead important conversations, get going on the right AI initiatives for your company, and capitalize on the opportunity of the machine intelligence revolution. Catch up on current topics and deepen your understanding of them with the Insights You Need series from Harvard Business Review. Featuring some of HBR's best and most recent thinking, Insights You Need titles are both a primer on today's most pressing issues and an extension of the conversation, with interesting research, interviews, case studies, and practical ideas to help you explore how a particular issue will impact your company and what it will mean for you and your business. |
| benefits of machine learning in business: The AI Advantage Thomas H. Davenport, 2019-08-06 Cutting through the hype, a practical guide to using artificial intelligence for business benefits and competitive advantage. In The AI Advantage, Thomas Davenport offers a guide to using artificial intelligence in business. He describes what technologies are available and how companies can use them for business benefits and competitive advantage. He cuts through the hype of the AI craze—remember when it seemed plausible that IBM's Watson could cure cancer?—to explain how businesses can put artificial intelligence to work now, in the real world. His key recommendation: don't go for the “moonshot” (curing cancer, or synthesizing all investment knowledge); look for the “low-hanging fruit” to make your company more efficient. Davenport explains that the business value AI offers is solid rather than sexy or splashy. AI will improve products and processes and make decisions better informed—important but largely invisible tasks. AI technologies won't replace human workers but augment their capabilities, with smart machines to work alongside smart people. AI can automate structured and repetitive work; provide extensive analysis of data through machine learning (“analytics on steroids”), and engage with customers and employees via chatbots and intelligent agents. Companies should experiment with these technologies and develop their own expertise. Davenport describes the major AI technologies and explains how they are being used, reports on the AI work done by large commercial enterprises like Amazon and Google, and outlines strategies and steps to becoming a cognitive corporation. This book provides an invaluable guide to the real-world future of business AI. A book in the Management on the Cutting Edge series, published in cooperation with MIT Sloan Management Review. |
| benefits of machine learning in business: Artificial Intelligence in Practice Bernard Marr, 2019-04-15 Cyber-solutions to real-world business problems Artificial Intelligence in Practice is a fascinating look into how companies use AI and machine learning to solve problems. Presenting 50 case studies of actual situations, this book demonstrates practical applications to issues faced by businesses around the globe. The rapidly evolving field of artificial intelligence has expanded beyond research labs and computer science departments and made its way into the mainstream business environment. Artificial intelligence and machine learning are cited as the most important modern business trends to drive success. It is used in areas ranging from banking and finance to social media and marketing. This technology continues to provide innovative solutions to businesses of all sizes, sectors and industries. This engaging and topical book explores a wide range of cases illustrating how businesses use AI to boost performance, drive efficiency, analyse market preferences and many others. Best-selling author and renowned AI expert Bernard Marr reveals how machine learning technology is transforming the way companies conduct business. This detailed examination provides an overview of each company, describes the specific problem and explains how AI facilitates resolution. Each case study provides a comprehensive overview, including some technical details as well as key learning summaries: Understand how specific business problems are addressed by innovative machine learning methods Explore how current artificial intelligence applications improve performance and increase efficiency in various situations Expand your knowledge of recent AI advancements in technology Gain insight on the future of AI and its increasing role in business and industry Artificial Intelligence in Practice: How 50 Successful Companies Used Artificial Intelligence to Solve Problems is an insightful and informative exploration of the transformative power of technology in 21st century commerce. |
| benefits of machine learning in business: Human-in-the-Loop Machine Learning Robert Munro, Robert Monarch, 2021-07-20 Machine learning applications perform better with human feedback. Keeping the right people in the loop improves the accuracy of models, reduces errors in data, lowers costs, and helps you ship models faster. Human-in-the-loop machine learning lays out methods for humans and machines to work together effectively. You'll find best practices on selecting sample data for human feedback, quality control for human annotations, and designing annotation interfaces. You'll learn to dreate training data for labeling, object detection, and semantic segmentation, sequence labeling, and more. The book starts with the basics and progresses to advanced techniques like transfer learning and self-supervision within annotation workflows. |
| benefits of machine learning in business: Artificial Intelligence for Business Rajendra Akerkar, 2018-08-11 This book offers a practical guide to artificial intelligence (AI) techniques that are used in business. The book does not focus on AI models and algorithms, but instead provides an overview of the most popular and frequently used models in business. This allows the book to easily explain AI paradigms and concepts for business students and executives. Artificial Intelligence for Business is divided into six chapters. Chapter 1 begins with a brief introduction to AI and describes its relationship with machine learning, data science and big data analytics. Chapter 2 presents core machine learning workflow and the most effective machine learning techniques. Chapter 3 deals with deep learning, a popular technique for developing AI applications. Chapter 4 introduces recommendation engines for business and covers how to use them to be more competitive. Chapter 5 features natural language processing (NLP) for sentiment analysis focused on emotions. With the help of sentiment analysis, businesses can understand their customers better to improve their experience, which will help the businesses change their market position. Chapter 6 states potential business prospects of AI and the benefits that companies can realize by implementing AI in their processes. |
| benefits of machine learning in business: Disrupting Finance Theo Lynn, John G. Mooney, Pierangelo Rosati, Mark Cummins, 2018-12-06 This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry. |
| benefits of machine learning in business: The AI-First Company Ash Fontana, 2021-05-04 Artificial Intelligence is transforming every industry, but if you want to win with AI, you have to put it first on your priority list. AI-First companies are the only trillion-dollar companies, and soon they will dominate even more industries, more definitively than ever before. These companies succeed by design--they collect valuable data from day one and use it to train predictive models that automate core functions. As a result, they learn faster and outpace the competition in the process. Thankfully, you don't need a Ph.D. to learn how to win with AI. In The AI-First Company, internationally-renowned startup investor Ash Fontana offers an executable guide for applying AI to business problems. It's a playbook made for real companies, with real budgets, that need strategies and tactics to effectively implement AI. Whether you're a new online retailer or a Fortune 500 company, Fontana will teach you how to: • Identify the most valuable data; • Build the teams that build AI; • Integrate AI with existing processes and keep it in check; • Measure and communicate its effectiveness; • Reinvest the profits from automation to compound competitive advantage. If the last fifty years were about getting AI to work in the lab, the next fifty years will be about getting AI to work for people, businesses, and society. It's not about building the right software -- it's about building the right AI. The AI-First Company is your guide to winning with artificial intelligence. |
| benefits of machine learning in business: The AI-Powered Enterprise Seth Earley, 2020-04-28 Learn how to develop and employ an ontology, the secret weapon for successfully using artificial intelligence to create a powerful competitive advantage in your business. The AI-Powered Enterprise examines two fundamental questions: First, how will the future be different as a result of artificial intelligence? And second, what must companies do to stake their claim on that future? When the Web came along in the mid-90s, it transformed the behavior of customers and remade whole industries. Now, as part of its promise to bring revolutionary change in untold ways to human activity, artificial intelligence--AI--is about to create another complete transformation in how companies create and deliver value to customers. But despite the billions spent so far on bots and other tools, AI continues to stumble. Why can't it magically use all the data organizations generate to make them run faster and better? Because something is missing. AI works only when it understands the soul of the business. An ontology is a holistic digital model of every piece of information that matters to the business, from processes to products to people, and it's what makes the difference between the promise of AI and delivering on that promise. Business leaders who want to catch the AI wave--rather than be crushed by it--need to read The AI-Powered Enterprise. The book is the first to combine a sophisticated explanation of how AI works with a practical approach to applying AI to the problems of business, from customer experience to business operations to product development. |
| benefits of machine learning in business: Internet of Things in Business Transformation Parul Gandhi, Surbhi Bhatia, Abhishek Kumar, Mohammad Ali Alojail, Pramod Singh Rathore, 2021-02-03 The objective of this book is to teach what IoT is, how it works, and how it can be successfully utilized in business. This book helps to develop and implement a powerful IoT strategy for business transformation as well as project execution. Digital change, business creation/change and upgrades in the ways and manners in which we work, live, and engage with our clients and customers, are all enveloped by the Internet of Things which is now named Industry 5.0 or Industrial Internet of Things. The sheer number of IoT(a billion+), demonstrates the advent of an advanced business society led by sustainable robotics and business intelligence. This book will be an indispensable asset in helping businesses to understand the new technology and thrive. |
| benefits of machine learning in business: Competing in the Age of AI Marco Iansiti, Karim R. Lakhani, 2020-01-07 a provocative new book — The New York Times AI-centric organizations exhibit a new operating architecture, redefining how they create, capture, share, and deliver value. Now with a new preface that explores how the coronavirus crisis compelled organizations such as Massachusetts General Hospital, Verizon, and IKEA to transform themselves with remarkable speed, Marco Iansiti and Karim R. Lakhani show how reinventing the firm around data, analytics, and AI removes traditional constraints on scale, scope, and learning that have restricted business growth for hundreds of years. From Airbnb to Ant Financial, Microsoft to Amazon, research shows how AI-driven processes are vastly more scalable than traditional processes, allow massive scope increase, enabling companies to straddle industry boundaries, and create powerful opportunities for learning—to drive ever more accurate, complex, and sophisticated predictions. When traditional operating constraints are removed, strategy becomes a whole new game, one whose rules and likely outcomes this book will make clear. Iansiti and Lakhani: Present a framework for rethinking business and operating models Explain how collisions between AI-driven/digital and traditional/analog firms are reshaping competition, altering the structure of our economy, and forcing traditional companies to rearchitect their operating models Explain the opportunities and risks created by digital firms Describe the new challenges and responsibilities for the leaders of both digital and traditional firms Packed with examples—including many from the most powerful and innovative global, AI-driven competitors—and based on research in hundreds of firms across many sectors, this is your essential guide for rethinking how your firm competes and operates in the era of AI. |
| benefits of machine learning in business: Applications of Machine Learning Prashant Johri, Jitendra Kumar Verma, Sudip Paul, 2020-05-04 This book covers applications of machine learning in artificial intelligence. The specific topics covered include human language, heterogeneous and streaming data, unmanned systems, neural information processing, marketing and the social sciences, bioinformatics and robotics, etc. It also provides a broad range of techniques that can be successfully applied and adopted in different areas. Accordingly, the book offers an interesting and insightful read for scholars in the areas of computer vision, speech recognition, healthcare, business, marketing, and bioinformatics. |
| benefits of machine learning in business: Practical Machine Learning in R Fred Nwanganga, Mike Chapple, 2020-05-27 Guides professionals and students through the rapidly growing field of machine learning with hands-on examples in the popular R programming language Machine learning—a branch of Artificial Intelligence (AI) which enables computers to improve their results and learn new approaches without explicit instructions—allows organizations to reveal patterns in their data and incorporate predictive analytics into their decision-making process. Practical Machine Learning in R provides a hands-on approach to solving business problems with intelligent, self-learning computer algorithms. Bestselling author and data analytics experts Fred Nwanganga and Mike Chapple explain what machine learning is, demonstrate its organizational benefits, and provide hands-on examples created in the R programming language. A perfect guide for professional self-taught learners or students in an introductory machine learning course, this reader-friendly book illustrates the numerous real-world business uses of machine learning approaches. Clear and detailed chapters cover data wrangling, R programming with the popular RStudio tool, classification and regression techniques, performance evaluation, and more. Explores data management techniques, including data collection, exploration and dimensionality reduction Covers unsupervised learning, where readers identify and summarize patterns using approaches such as apriori, eclat and clustering Describes the principles behind the Nearest Neighbor, Decision Tree and Naive Bayes classification techniques Explains how to evaluate and choose the right model, as well as how to improve model performance using ensemble methods such as Random Forest and XGBoost Practical Machine Learning in R is a must-have guide for business analysts, data scientists, and other professionals interested in leveraging the power of AI to solve business problems, as well as students and independent learners seeking to enter the field. |
| benefits of machine learning in business: Artificial Intelligence in Healthcare Adam Bohr, Kaveh Memarzadeh, 2020-06-21 Artificial Intelligence (AI) in Healthcare is more than a comprehensive introduction to artificial intelligence as a tool in the generation and analysis of healthcare data. The book is split into two sections where the first section describes the current healthcare challenges and the rise of AI in this arena. The ten following chapters are written by specialists in each area, covering the whole healthcare ecosystem. First, the AI applications in drug design and drug development are presented followed by its applications in the field of cancer diagnostics, treatment and medical imaging. Subsequently, the application of AI in medical devices and surgery are covered as well as remote patient monitoring. Finally, the book dives into the topics of security, privacy, information sharing, health insurances and legal aspects of AI in healthcare. - Highlights different data techniques in healthcare data analysis, including machine learning and data mining - Illustrates different applications and challenges across the design, implementation and management of intelligent systems and healthcare data networks - Includes applications and case studies across all areas of AI in healthcare data |
| benefits of machine learning in business: AI-Driven Intelligent Models for Business Excellence Samala Nagaraj, Korupalli V. Rajesh Kumar, 2022 As digital technology is taking the world in a revolutionary way and business related aspects are getting smarter this book is a potential research source on the Artificial Intelligence-based Business Applications and Intelligence-- |
| benefits of machine learning in business: Machine Learning in Industry Shubhabrata Datta, J. Paulo Davim, 2021-07-24 This book covers different machine learning techniques such as artificial neural network, support vector machine, rough set theory and deep learning. It points out the difference between the techniques and their suitability for specific applications. This book also describes different applications of machine learning techniques for industrial problems. The book includes several case studies, helping researchers in academia and industries aspiring to use machine learning for solving practical industrial problems. |
| benefits of machine learning in business: Artificial Intelligence with Python Prateek Joshi, 2017-01-27 Build real-world Artificial Intelligence applications with Python to intelligently interact with the world around you About This Book Step into the amazing world of intelligent apps using this comprehensive guide Enter the world of Artificial Intelligence, explore it, and create your own applications Work through simple yet insightful examples that will get you up and running with Artificial Intelligence in no time Who This Book Is For This book is for Python developers who want to build real-world Artificial Intelligence applications. This book is friendly to Python beginners, but being familiar with Python would be useful to play around with the code. It will also be useful for experienced Python programmers who are looking to use Artificial Intelligence techniques in their existing technology stacks. What You Will Learn Realize different classification and regression techniques Understand the concept of clustering and how to use it to automatically segment data See how to build an intelligent recommender system Understand logic programming and how to use it Build automatic speech recognition systems Understand the basics of heuristic search and genetic programming Develop games using Artificial Intelligence Learn how reinforcement learning works Discover how to build intelligent applications centered on images, text, and time series data See how to use deep learning algorithms and build applications based on it In Detail Artificial Intelligence is becoming increasingly relevant in the modern world where everything is driven by technology and data. It is used extensively across many fields such as search engines, image recognition, robotics, finance, and so on. We will explore various real-world scenarios in this book and you'll learn about various algorithms that can be used to build Artificial Intelligence applications. During the course of this book, you will find out how to make informed decisions about what algorithms to use in a given context. Starting from the basics of Artificial Intelligence, you will learn how to develop various building blocks using different data mining techniques. You will see how to implement different algorithms to get the best possible results, and will understand how to apply them to real-world scenarios. If you want to add an intelligence layer to any application that's based on images, text, stock market, or some other form of data, this exciting book on Artificial Intelligence will definitely be your guide! Style and approach This highly practical book will show you how to implement Artificial Intelligence. The book provides multiple examples enabling you to create smart applications to meet the needs of your organization. In every chapter, we explain an algorithm, implement it, and then build a smart application. |
| benefits of machine learning in business: Artificial Intelligence Business Applications John Medicine, 2020-10-07 Do you want to modernize your business and to be ahead from competitors by applying Artificial Intelligence to it? Want to learn the strategies to do that? If so then keep reading. Artificial intelligence technology has progressed so fast that many business leaders find themselves faced with the task of integrating all this new tech into how they do business. This can a challenge for leaders and others whose core business function is not directly related to artificial intelligence or computer science. This makes artificial intelligence an often-daunting subject for many people noticing the AI changes around them, but this does not have to be an overwhelming subject. Artificial intelligence can be simply applied to business marketing strategies, social media engagement, and a host of other business functions. These AI applications can be accomplished no matter what the skill level of the user is. Artificial Intelligence Business Applications: A New Approach to AI and Machine Learning in Modern Business and Marketing, for Beginners and Advanced will teach readers how they can benefit from the AI wave to keep themselves and their business endeavors up to date. The benefits of users to keeping on track of AI changes is obvious. AI allows businesses to link their data to AI, which can allow the business and the technology to evolve together. Business leaders are faced left with the question of how to bring artificial intelligence into their business, and sometimes this is as simple as recording data measures electronically so that AI can access it and use it to make powerful recommendations. As the intelligence demonstrated by machines, AI will become more prominent and important as AI capabilities increase. From a practical standpoint, this means that businesses are faced with the reality of incorporating AI into their operations now or face being left so far behind that they will be relegated to playing an endless game of catchup. In Artificial Intelligence Business Applications: A New Approach to AI and Machine Learning in Modern Business and Marketing, for Beginners and Advanced, readers will learn not only the business strategies they can use to keep up with artificial intelligence, but the many powerful applications that AI can have in business, from automation of business processes and machine learning, to predicting customer behavior and product pricing. You will learn: - What Business Leaders Need To Know About AI - Insights into AI Systems - The most important thing in AI - How to build AI strategies for your business - How to build Machine Learning Models - How to apply AI to Marketing and Social Media - 10 AI Trends for Businesses and much more! Even if you are a complete beginner, your education in artificial intelligence, so that you can use it to accomplish all of your business goals, begins here. Click the Buy Now button to get started! |
| benefits of machine learning in business: Microsoft Azure Essentials Azure Machine Learning Jeff Barnes, 2015-04-25 Microsoft Azure Essentials from Microsoft Press is a series of free ebooks designed to help you advance your technical skills with Microsoft Azure. This third ebook in the series introduces Microsoft Azure Machine Learning, a service that a developer can use to build predictive analytics models (using training datasets from a variety of data sources) and then easily deploy those models for consumption as cloud web services. The ebook presents an overview of modern data science theory and principles, the associated workflow, and then covers some of the more common machine learning algorithms in use today. It builds a variety of predictive analytics models using real world data, evaluates several different machine learning algorithms and modeling strategies, and then deploys the finished models as machine learning web services on Azure within a matter of minutes. The ebook also expands on a working Azure Machine Learning predictive model example to explore the types of client and server applications you can create to consume Azure Machine Learning web services. Watch Microsoft Press’s blog and Twitter (@MicrosoftPress) to learn about other free ebooks in the Microsoft Azure Essentials series. |
| benefits of machine learning in business: Artificial Intelligence and Machine Learning in Business Management Sandeep Kumar Panda, Vaibhav Mishra, R. Balamurali, Ahmed A. Elngar, 2021-11-04 Artificial Intelligence and Machine Learning in Business Management The focus of this book is to introduce artificial intelligence (AI) and machine learning (ML) technologies into the context of business management. The book gives insights into the implementation and impact of AI and ML to business leaders, managers, technology developers, and implementers. With the maturing use of AI or ML in the field of business intelligence, this book examines several projects with innovative uses of AI beyond data organization and access. It follows the Predictive Modeling Toolkit for providing new insight on how to use improved AI tools in the field of business. It explores cultural heritage values and risk assessments for mitigation and conservation and discusses on-shore and off-shore technological capabilities with spatial tools for addressing marketing and retail strategies, and insurance and healthcare systems. Taking a multidisciplinary approach for using AI, this book provides a single comprehensive reference resource for undergraduate, graduate, business professionals, and related disciplines. |
| benefits of machine learning in business: Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance El Bachir Boukherouaa, Mr. Ghiath Shabsigh, Khaled AlAjmi, Jose Deodoro, Aquiles Farias, Ebru S Iskender, Mr. Alin T Mirestean, Rangachary Ravikumar, 2021-10-22 This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight. |
| benefits of machine learning in business: Machine Learning and Artificial Intelligence in Marketing and Sales Niladri Syam, Rajeeve Kaul, 2021-03-10 Machine Learning and Artificial Intelligence in Marketing and Sales explores the ideas, and the statistical and mathematical concepts, behind Artificial Intelligence (AI) and machine learning models, as applied to marketing and sales, without getting lost in the details of mathematical derivations and computer programming. |
| benefits of machine learning in business: Interpretable Machine Learning Christoph Molnar, 2020 This book is about making machine learning models and their decisions interpretable. After exploring the concepts of interpretability, you will learn about simple, interpretable models such as decision trees, decision rules and linear regression. Later chapters focus on general model-agnostic methods for interpreting black box models like feature importance and accumulated local effects and explaining individual predictions with Shapley values and LIME. All interpretation methods are explained in depth and discussed critically. How do they work under the hood? What are their strengths and weaknesses? How can their outputs be interpreted? This book will enable you to select and correctly apply the interpretation method that is most suitable for your machine learning project. |
| benefits of machine learning in business: Machine Learning in Insurance Jens Perch Nielsen, Alexandru Asimit, Ioannis Kyriakou, 2020-12-02 Machine learning is a relatively new field, without a unanimous definition. In many ways, actuaries have been machine learners. In both pricing and reserving, but also more recently in capital modelling, actuaries have combined statistical methodology with a deep understanding of the problem at hand and how any solution may affect the company and its customers. One aspect that has, perhaps, not been so well developed among actuaries is validation. Discussions among actuaries’ “preferred methods” were often without solid scientific arguments, including validation of the case at hand. Through this collection, we aim to promote a good practice of machine learning in insurance, considering the following three key issues: a) who is the client, or sponsor, or otherwise interested real-life target of the study? b) The reason for working with a particular data set and a clarification of the available extra knowledge, that we also call prior knowledge, besides the data set alone. c) A mathematical statistical argument for the validation procedure. |
| benefits of machine learning in business: Machine Learning , 2017 |
| benefits of machine learning in business: Handbook of Research on Applied Data Science and Artificial Intelligence in Business and Industry Chkoniya, Valentina, 2021-06-25 The contemporary world lives on the data produced at an unprecedented speed through social networks and the internet of things (IoT). Data has been called the new global currency, and its rise is transforming entire industries, providing a wealth of opportunities. Applied data science research is necessary to derive useful information from big data for the effective and efficient utilization to solve real-world problems. A broad analytical set allied with strong business logic is fundamental in today’s corporations. Organizations work to obtain competitive advantage by analyzing the data produced within and outside their organizational limits to support their decision-making processes. This book aims to provide an overview of the concepts, tools, and techniques behind the fields of data science and artificial intelligence (AI) applied to business and industries. The Handbook of Research on Applied Data Science and Artificial Intelligence in Business and Industry discusses all stages of data science to AI and their application to real problems across industries—from science and engineering to academia and commerce. This book brings together practice and science to build successful data solutions, showing how to uncover hidden patterns and leverage them to improve all aspects of business performance by making sense of data from both web and offline environments. Covering topics including applied AI, consumer behavior analytics, and machine learning, this text is essential for data scientists, IT specialists, managers, executives, software and computer engineers, researchers, practitioners, academicians, and students. |
| benefits of machine learning in business: Artificial Intelligence and Machine Learning for Business Oliver Tensor, 2020-12-23 Are you a new business owner? Or an entrepreneur looking to catch up to the big companies in your industrial sector? If you want to understand and master the fundamentals and importance of data science technologies to kick start your business or take it to the next level, then keep reading. Thanks to the smart and savvy customer of today, the competition to gain new customers while retaining the existing customers is fierce. As a result, companies are increasingly relying upon cutting edge technologies such as big data analytics, data mining technology, machine learning, and artificial intelligence technology to gain an edge over the competition.Today, machine learning and artificial intelligence have given rise to sophisticated machines that can study human behavior and activity to identify underlying human behavioral patterns and precisely predict what products and services consumers are interested in. Businesses with an eye on the future are gradually turning into technology companies under the façade of their intended business model. It is getting increasingly challenging for traditional businesses to retain their customers without adopting one or more of the cutting-edge technology explained in this book. Those entrepreneurs and business executives who have a sound understanding of the current challenges and status of their business will be primed to make informed decisions to meet the challenges head-on and improve their bottom line. Receive overarching guidance on how you can adopt any and all of the Data Science technologies in your business model to accelerate your growth rate. Learn how researchers are breaking the boundaries of data science to mimic human intelligence in machines. Learn the data science lifecycle in such extensive detail that you will be fully prepared to initiate and complete a data science implementation project in your business. Learn all about the historical development to the current explosion in this field of Big Data Analytics and how it differs data visualization techniques. Dig deep into the data mining process, the benefits of using data mining technology, the challenges facing the data mining technology and learn about some data mining tools that you can leverage for your business. Gain an in-depth understanding of various machine learning algorithms do assess the best Machine learning algorithm applicable to your business model. Learn the very important concept of data science and machine learning Decision Trees, applicable to small and large businesses across the industrial spectrum, explained thoroughly using real-life examples for ease of understanding. Master the concept of sales and marketing funnel along with the tools available for sales funnel analytics in the market today. Deep dive into the concept of personalized marketing, predictive analytics, customer analytics, and exploratory data analysis presented with details on how you can make sense out of all your customer behavioral data. This book is filled with real-life examples to help you understand the nitty-gritty of all the concepts as well as names and description of multiple tools that you can further explore and selectively implement in your business to reap the benefits of these cutting-edge technologies. Would You Like to Know More? Get This Book Today to get access to Artificial Intelligence and Machine Learning power. |
| benefits of machine learning in business: Artificial Intelligence and its Impact on Business Wolfgang Amann, Agata Stachowicz-Stanusch, 2020-06-01 Artificial intelligence (AI) technologies are one of top investment priorities in these days. They are aimed at finding applications in fields of special value for humans, including education. The fourth industrial revolution will replace not only human hands but also human brains, the time of machines requires new forms of work and new ways of business education, however we must be aware that if there is no control of human-chatbot interaction, there is a risk of losing sight of this interaction’s goal. First, it is important to get people to truly understand AI systems, to intentionally participate in their use, as well as to build their trust, because “the measure of success for AI applications is the value they create for human lives” (Stanford University 2016, 33). Consequently, society needs to adapt to AI applications if it is to extend its benefits and mitigate the inevitable errors and failures. This is why it is highly recommended to create new AI-powered tools for education that are the result of cooperation between AI researchers and humanities’ and social sciences’ researchers, who can identify cognitive processes and human behaviors. This book is authored by a range of international experts with a diversity of backgrounds and perspectives hopefully bringing us closer to the responses for the questions what we should teach (what the ‘right’ set of future skills is), how we should teach (the way in which schools should teach and assess them) and where we should teach (what implications does AI have for today’s education infrastructure). We must remember as we have already noticed before “…education institutions would need to ensure that that they have an appropriate infrastructure, as well as the safety and credibility of AI-based systems. Ultimately, the law and policies need to adjust to the rapid pace of AI development, because the formal responsibility for appropriate learning outcomes will in future be divided between a teacher and a machine. Above all, we should ensure that AI respect human and civil rights (Stachowicz-Stanusch, Amann, 2018)”. |
| benefits of machine learning in business: Introduction to Machine Learning Shan-e-Fatima, 2023-09-25 With the use of machine learning (ML), which is a form of artificial intelligence (AI), software programmers may predict outcomes more accurately without having to be explicitly instructed to do so. In order to forecast new output values, machine learning algorithms use historical data as input. Machine learning is frequently used in recommendation engines. Business process automation (BPA), predictive maintenance, spam filtering, malware threat detection, and fraud detection are a few additional common uses. Machine learning is significant because it aids in the development of new goods and provides businesses with a picture of trends in consumer behavior and operational business patterns. For many businesses, machine learning has emerged as a key competitive differentiation. The fundamental methods of machine learning are covered in the current book. |
| benefits of machine learning in business: Graph-Powered Machine Learning Alessandro Negro, 2021-10-05 Upgrade your machine learning models with graph-based algorithms, the perfect structure for complex and interlinked data. Summary In Graph-Powered Machine Learning, you will learn: The lifecycle of a machine learning project Graphs in big data platforms Data source modeling using graphs Graph-based natural language processing, recommendations, and fraud detection techniques Graph algorithms Working with Neo4J Graph-Powered Machine Learning teaches to use graph-based algorithms and data organization strategies to develop superior machine learning applications. You’ll dive into the role of graphs in machine learning and big data platforms, and take an in-depth look at data source modeling, algorithm design, recommendations, and fraud detection. Explore end-to-end projects that illustrate architectures and help you optimize with best design practices. Author Alessandro Negro’s extensive experience shines through in every chapter, as you learn from examples and concrete scenarios based on his work with real clients! Purchase of the print book includes a free eBook in PDF, Kindle, and ePub formats from Manning Publications. About the technology Identifying relationships is the foundation of machine learning. By recognizing and analyzing the connections in your data, graph-centric algorithms like K-nearest neighbor or PageRank radically improve the effectiveness of ML applications. Graph-based machine learning techniques offer a powerful new perspective for machine learning in social networking, fraud detection, natural language processing, and recommendation systems. About the book Graph-Powered Machine Learning teaches you how to exploit the natural relationships in structured and unstructured datasets using graph-oriented machine learning algorithms and tools. In this authoritative book, you’ll master the architectures and design practices of graphs, and avoid common pitfalls. Author Alessandro Negro explores examples from real-world applications that connect GraphML concepts to real world tasks. What's inside Graphs in big data platforms Recommendations, natural language processing, fraud detection Graph algorithms Working with the Neo4J graph database About the reader For readers comfortable with machine learning basics. About the author Alessandro Negro is Chief Scientist at GraphAware. He has been a speaker at many conferences, and holds a PhD in Computer Science. Table of Contents PART 1 INTRODUCTION 1 Machine learning and graphs: An introduction 2 Graph data engineering 3 Graphs in machine learning applications PART 2 RECOMMENDATIONS 4 Content-based recommendations 5 Collaborative filtering 6 Session-based recommendations 7 Context-aware and hybrid recommendations PART 3 FIGHTING FRAUD 8 Basic approaches to graph-powered fraud detection 9 Proximity-based algorithms 10 Social network analysis against fraud PART 4 TAMING TEXT WITH GRAPHS 11 Graph-based natural language processing 12 Knowledge graphs |
| benefits of machine learning in business: AI for People and Business Alex Castrounis, 2019-07-05 If you’re an executive, manager, or anyone interested in leveraging AI within your organization, this is your guide. You’ll understand exactly what AI is, learn how to identify AI opportunities, and develop and execute a successful AI vision and strategy. Alex Castrounis, business consultant and former IndyCar engineer and race strategist, examines the value of AI and shows you how to develop an AI vision and strategy that benefits both people and business. AI is exciting, powerful, and game changing—but too many AI initiatives end in failure. With this book, you’ll explore the risks, considerations, trade-offs, and constraints for pursuing an AI initiative. You’ll learn how to create better human experiences and greater business success through winning AI solutions and human-centered products. Use the book’s AIPB Framework to conduct end-to-end, goal-driven innovation and value creation with AI Define a goal-aligned AI vision and strategy for stakeholders, including businesses, customers, and users Leverage AI successfully by focusing on concepts such as scientific innovation and AI readiness and maturity Understand the importance of executive leadership for pursuing AI initiatives A must read for business executives and managers interested in learning about AI and unlocking its benefits. Alex Castrounis has simplified complex topics so that anyone can begin to leverage AI within their organization. - Dan Park, GM & Director, Uber Alex Castrounis has been at the forefront of helping organizations understand the promise of AI and leverage its benefits, while avoiding the many pitfalls that can derail success. In this essential book, he shares his expertise with the rest of us. - Dean Wampler, Ph.D., VP, Fast Data Engineering at Lightbend |
| benefits of machine learning in business: Machine Learning For Dummies John Paul Mueller, Luca Massaron, 2021-02-09 One of Mark Cuban’s top reads for better understanding A.I. (inc.com, 2021) Your comprehensive entry-level guide to machine learning While machine learning expertise doesn’t quite mean you can create your own Turing Test-proof android—as in the movie Ex Machina—it is a form of artificial intelligence and one of the most exciting technological means of identifying opportunities and solving problems fast and on a large scale. Anyone who masters the principles of machine learning is mastering a big part of our tech future and opening up incredible new directions in careers that include fraud detection, optimizing search results, serving real-time ads, credit-scoring, building accurate and sophisticated pricing models—and way, way more. Unlike most machine learning books, the fully updated 2nd Edition of Machine Learning For Dummies doesn't assume you have years of experience using programming languages such as Python (R source is also included in a downloadable form with comments and explanations), but lets you in on the ground floor, covering the entry-level materials that will get you up and running building models you need to perform practical tasks. It takes a look at the underlying—and fascinating—math principles that power machine learning but also shows that you don't need to be a math whiz to build fun new tools and apply them to your work and study. Understand the history of AI and machine learning Work with Python 3.8 and TensorFlow 2.x (and R as a download) Build and test your own models Use the latest datasets, rather than the worn out data found in other books Apply machine learning to real problems Whether you want to learn for college or to enhance your business or career performance, this friendly beginner's guide is your best introduction to machine learning, allowing you to become quickly confident using this amazing and fast-developing technology that's impacting lives for the better all over the world. |
| benefits of machine learning in business: Introduction to Artificial Intelligence Philip C. Jackson, 2019-08-14 Can computers think? Can they use reason to develop their own concepts, solve complex problems, understand our languages? This updated edition of a comprehensive survey includes extensive new text on Artificial Intelligence in the 21st Century, introducing deep neural networks, conceptual graphs, languages of thought, mental models, metacognition, economic prospects, and research toward human-level AI. Ideal for both lay readers and students of computer science, the original text features abundant illustrations, diagrams, and photographs as well as challenging exercises. Lucid, easy-to-read discussions examine problem-solving methods and representations, game playing, automated understanding of natural languages, heuristic search theory, robot systems, heuristic scene analysis, predicate-calculus theorem proving, automatic programming, and many other topics. |
| benefits of machine learning in business: Introduction to Machine Learning with Python William Gray, 2019-05-04 What exactly is machine learning and why is it so valuable in the online business ? Are you thinking of learning Python machine learning ?This book teach well you the practical ways to do it ! ★★★ Buy the Paperback version and get the Kindle Book versions for FREE ★★★ Machine Learning is a branch of AI that applied algorithms to learn from data and create predictions - this is important in predicting the world around us. Python is a popular and open-source programming language. In addition, it is one of the most applied languages in artificial intelligence and other scientific fields. Today, it is a top skill in high demand in the job market. Machine learning has become an integral part of many commercial applications and research projects. Using Python, even as a beginner, this book will teach you practical ways to build your own machine learning solutions. Inside Introduction to Machine Learning with Python, you'll learn: Fundamental concepts and applications of machine learning Understand the various categories of machine learning algorithms. Some of the branches of Artificial Intelligence The basics of Python Concepts of Machine Learning using Python Python Machine Learning Applications Machine Learning Case Studies with Python The way that Python evolved throughout time And many more Throughout the recent years, artificial intelligence and machine learning have made some enormous, significant strides in terms of universal, global applicability. You'll discover the steps required to develop a successful machine-learning application using Python. Introduction to Machine Learning with Python is a step-by-step guide for any person who wants to start learning Artificial Intelligence - It will help you in preparing a solid foundation and learn any other high-level courses. Stay ahead and make a choice that will last... If You like to know more, scroll to the top and select BUY NOW buttom ★★★ Buy the Paperback version and get the Kindle Book versions for FREE ★★★ |
| benefits of machine learning in business: Designing Data-Intensive Applications Martin Kleppmann, 2017-03-16 Data is at the center of many challenges in system design today. Difficult issues need to be figured out, such as scalability, consistency, reliability, efficiency, and maintainability. In addition, we have an overwhelming variety of tools, including relational databases, NoSQL datastores, stream or batch processors, and message brokers. What are the right choices for your application? How do you make sense of all these buzzwords? In this practical and comprehensive guide, author Martin Kleppmann helps you navigate this diverse landscape by examining the pros and cons of various technologies for processing and storing data. Software keeps changing, but the fundamental principles remain the same. With this book, software engineers and architects will learn how to apply those ideas in practice, and how to make full use of data in modern applications. Peer under the hood of the systems you already use, and learn how to use and operate them more effectively Make informed decisions by identifying the strengths and weaknesses of different tools Navigate the trade-offs around consistency, scalability, fault tolerance, and complexity Understand the distributed systems research upon which modern databases are built Peek behind the scenes of major online services, and learn from their architectures |
| benefits of machine learning in business: Exponential Organizations Salim Ismail, 2014-10-14 Frost & Sullivan's 2014 Growth, Innovation, and Leadership Book of the Year EXPONENTIAL ORGANIZATIONS should be required reading for anyone interested in the ways exponential technologies are reinventing best practices in business. —Ray Kurzweil, Director of Engineering at Google In business, performance is key. In performance, how you organize can be the key to growth. In the past five years, the business world has seen the birth of a new breed of company—the Exponential Organization—that has revolutionized how a company can accelerate its growth by using technology. An ExO can eliminate the incremental, linear way traditional companies get bigger, leveraging assets like community, big data, algorithms, and new technology into achieving performance benchmarks ten times better than its peers. Three luminaries of the business world—Salim Ismail, Yuri van Geest, and Mike Malone—have researched this phenomenon and documented ten characteristics of Exponential Organizations. Here, in EXPONENTIAL ORGANIZATIONS, they walk the reader through how any company, from a startup to a multi-national, can become an ExO, streamline its performance, and grow to the next level. EXPONENTIAL ORGANIZATIONS is the most pivotal book in its class. Salim examines the future of organizations and offers readers his insights on the concept of Exponential Organizations, because he himself embodies the strategy, structure, culture, processes, and systems of this new breed of company. —John Hagel, The Center for the Edge Chosen by Benjamin Netanyahu, Prime Minister of Israel, to be one of Bloomberg's Best Books of 2015 |
| benefits of machine learning in business: Web Analytics Avinash Kaushik, 2007-07-30 Written by an in-the-trenches practitioner, this step-by-step guide shows you how to implement a successful Web analytics strategy. Web analytics expert Avinash Kaushik, in his thought-provoking style, debunks leading myths and leads you on a path to gaining actionable insights from your analytics efforts. Discover how to move beyond clickstream analysis, why qualitative data should be your focus, and more insights and techniques that will help you develop a customer-centric mindset without sacrificing your company’s bottom line. Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file. |
| benefits of machine learning in business: Grokking Machine Learning Luis Serrano, 2021-12-14 Grokking Machine Learning presents machine learning algorithms and techniques in a way that anyone can understand. This book skips the confused academic jargon and offers clear explanations that require only basic algebra. As you go, you'll build interesting projects with Python, including models for spam detection and image recognition. You'll also pick up practical skills for cleaning and preparing data. |
| benefits of machine learning in business: Deep Learning Applications, Volume 2 M. Arif Wani, Taghi Khoshgoftaar, Vasile Palade, 2020-12-14 This book presents selected papers from the 18th IEEE International Conference on Machine Learning and Applications (IEEE ICMLA 2019). It focuses on deep learning networks and their application in domains such as healthcare, security and threat detection, fault diagnosis and accident analysis, and robotic control in industrial environments, and highlights novel ways of using deep neural networks to solve real-world problems. Also offering insights into deep learning architectures and algorithms, it is an essential reference guide for academic researchers, professionals, software engineers in industry, and innovative product developers. |
The role of machine learning in transforming business …
The benefits of ML in BI include improved accuracy, faster decision-making, enhanced customer experience, cost reduction, and competitive advantage. However, challenges such as data …
MACHINE LEARNING USE CASES & BUSINESS BENEFITS
Among them, machine learning is a technology that helps businesses effectively gain insights from raw data. Machine learning—specifically machine learning algorithms—can be used to …
In-Depth Guide to Machine Learning in the Enterprise
It's not hard to see why machine learning has entered so many situations. Enterprises that have adopted machine learning are solving business problems and reaping value from this AI …
Machine Learning and AI in Business Intelligence: Trends
machine learning and AI in business intelligence offers several benefits. Firstly, these technologies enable organizations to automate repetitive and time-consuming . asks, such as...
10 important advantages of machine learning - naaccr.org
Jul 10, 2023 · Machine learning has many benefits. Understanding the different benefits and use cases of machine learning will help you decide if a certain specialization in this field is for you. …
Machine Learning in Business - Massachusetts Institute of …
How will machine learning affect your business? How can your company capitalize on this dynamic technology? This 6-week online program from the MIT Sloan School of Management …
INTELLIGENT INSIGHTS: A REVIEW OF ARTIFICIAL …
ABSTRACT: The Incorporation of artificial intelligence (AI) and Machine learning (ML) in Business intelligence (BI), financial Analysis (FA), and Digital Commerce (DC) has revolutionized the …
BENEFITS OF ‘MACHINE LEARNING’ ‘MACHINE LEARNING’ …
ML automates tasks to save on human capital or optimise online stores and shopping centres using browsing data and customer flows. increase knowledge of consumers. medium are more …
Evolving Business Systems in the Era of Machine Learning
It examines the rapid growth of ML adoption, its key applications in areas such as insurance, fraud detection, and e-commerce, and the significant improvements in efficiency and decision …
Realizing the Benefits of Automated Machine Learning
What is new about machine learning are three factors: - The growing popularity of machine learning in organizations; - The use of multiple, sometimes complex algorithms to create a …
The De nitive Guide to Machine Learning for Business Leaders
intelligence for machine learning, as no new intelligence is created, whereas human intelligence, as captured by humans with domain expertise hand-labeling datasets, is recycled and re …
Harnessing the future of machine learning - KPMG
Machine learning is increasingly recognized for its potential to transform the day-to-day activities of a business. In risk management, ML has become synonymous with improving efficiency and …
The Role of Machine Learning Algorithms in Business …
The use of machine learning algorithms in BI systems has the potential to provide solutions for automating the toolkit for analysis, identifying patterns, and providing a prognosis for future...
Artificial Intelligence and Machine Learning for Business.
How to apply machine learning to improve business processes and the bottom line. Legal and ethical issues which need to be considered when using predictive models, developed using …
Artificial intelligence, machine learning, and deep learning for …
May 21, 2024 · It examines the transformative influence of AI on business operations, emphasizing its capability to foster innovation, streamline processes, and enhance decision …
Predictive Modeling for Business Optimization: Leveraging …
By applying machine learning algorithms, predictive modeling reshapes decision-making processes. This article evaluates how predictive modeling through a machine learning …
Breaking Down Barriers to Successful Machine Learning …
Up-front investment in a machine learning platform can reduce the need for infrastructure upgrades and specialized staff, giving enterprises more bang for their buck and maximizing …
Implementing machine learning models in business analytics: …
It will highlight how machine learning models enhance decision accuracy and enable real-time, proactive decision-making. The shift from reactive to predictive and prescriptive analytics will …
A Critical Evaluation of Business Improvement through …
1.2 Opportunities and Benefits of Machine Learning in Business Here, the article focuses on the main benefits and prospects that ML provides to enterprises. This might include greater
The role of machine learning in transforming business …
The benefits of ML in BI include improved accuracy, faster decision-making, enhanced customer experience, cost reduction, and competitive advantage. However, challenges such as data …
MACHINE LEARNING USE CASES & BUSINESS BENEFITS
Among them, machine learning is a technology that helps businesses effectively gain insights from raw data. Machine learning—specifically machine learning algorithms—can be used to …
In-Depth Guide to Machine Learning in the Enterprise
It's not hard to see why machine learning has entered so many situations. Enterprises that have adopted machine learning are solving business problems and reaping value from this AI …
Machine Learning and AI in Business Intelligence: Trends
machine learning and AI in business intelligence offers several benefits. Firstly, these technologies enable organizations to automate repetitive and time-consuming . asks, such as...
Artificial Intelligence and Machine Learning In Business - Neliti
Artificial intelligence is part of almost every business today; it facilitates business operations, increases productivity, and offers a variety of ways to speed up communication processes.
10 important advantages of machine learning - naaccr.org
Jul 10, 2023 · Machine learning has many benefits. Understanding the different benefits and use cases of machine learning will help you decide if a certain specialization in this field is for you. …
Machine Learning in Business - Massachusetts Institute of …
How will machine learning affect your business? How can your company capitalize on this dynamic technology? This 6-week online program from the MIT Sloan School of Management …
INTELLIGENT INSIGHTS: A REVIEW OF ARTIFICIAL …
ABSTRACT: The Incorporation of artificial intelligence (AI) and Machine learning (ML) in Business intelligence (BI), financial Analysis (FA), and Digital Commerce (DC) has revolutionized the …
BENEFITS OF ‘MACHINE LEARNING’ ‘MACHINE LEARNING’ …
ML automates tasks to save on human capital or optimise online stores and shopping centres using browsing data and customer flows. increase knowledge of consumers. medium are more …
Evolving Business Systems in the Era of Machine Learning
It examines the rapid growth of ML adoption, its key applications in areas such as insurance, fraud detection, and e-commerce, and the significant improvements in efficiency and decision …
Realizing the Benefits of Automated Machine Learning
What is new about machine learning are three factors: - The growing popularity of machine learning in organizations; - The use of multiple, sometimes complex algorithms to create a …
The De nitive Guide to Machine Learning for Business Leaders
intelligence for machine learning, as no new intelligence is created, whereas human intelligence, as captured by humans with domain expertise hand-labeling datasets, is recycled and re …
Harnessing the future of machine learning - KPMG
Machine learning is increasingly recognized for its potential to transform the day-to-day activities of a business. In risk management, ML has become synonymous with improving efficiency and …
The Role of Machine Learning Algorithms in Business …
The use of machine learning algorithms in BI systems has the potential to provide solutions for automating the toolkit for analysis, identifying patterns, and providing a prognosis for future...
Artificial Intelligence and Machine Learning for Business.
How to apply machine learning to improve business processes and the bottom line. Legal and ethical issues which need to be considered when using predictive models, developed using …
Artificial intelligence, machine learning, and deep learning …
May 21, 2024 · It examines the transformative influence of AI on business operations, emphasizing its capability to foster innovation, streamline processes, and enhance decision …
Predictive Modeling for Business Optimization: Leveraging …
By applying machine learning algorithms, predictive modeling reshapes decision-making processes. This article evaluates how predictive modeling through a machine learning …
Breaking Down Barriers to Successful Machine Learning …
Up-front investment in a machine learning platform can reduce the need for infrastructure upgrades and specialized staff, giving enterprises more bang for their buck and maximizing …
Implementing machine learning models in business …
It will highlight how machine learning models enhance decision accuracy and enable real-time, proactive decision-making. The shift from reactive to predictive and prescriptive analytics will …
A Critical Evaluation of Business Improvement through …
1.2 Opportunities and Benefits of Machine Learning in Business Here, the article focuses on the main benefits and prospects that ML provides to enterprises. This might include greater
